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Consumer views on the housing market rebounded strongly in the BSA’s quarterly consumer survey, Property Tracker.
From today it is a legal requirement for customers to wear a face covering in retail environments in England. This includes banks, building societies, credit unions, post offices and money service businesses.
Following today's statement from Chancellor Rishi Sunkak, the BSA makes the following comments.
Paul Broadhead, BSA Head of Mortgages and Housing comments on the Homes at the Heart campaign release published on 1 July 2020 by the National Housing Federation.
Buyers state job insecurity as the biggest barrier to home ownership (65%) compared to 35% in March 2020), overtaking ‘raising a deposit’ (40%) for the first time in 10 years.
Released today, BSA lending and savings figures for Q1 2020 show that building societies maintained a high market share of new approvals in the quarter. At the end of March, the impact of Coronavirus was yet to make a significant impact on lending volumes.
“We welcome today’s announcements by the Economic Secretary to the Treasury and the FCA and the close collaboration between Treasury, lenders and regulators which has led to them."
In Wednesday’s daily press briefing, Housing Secretary Robert Jenrick MP announced significant steps in reopening the England’s housing market by allowing people to move home and conduct property viewings – activities previously restricted by lockdown measures.
Following today’s announcement by the Economic Secretary to the Treasury to amend Lifetime ISA (LISA) rules to help those affected by Coronavirus, Brian Morris, BSA Head of Savings Policy comments.
One in seven mortgages are now covered by payment holidays following steps taken by lenders to help households whose finances have been affected by the Covid-19 crisis.